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M <br />vER o <br />zs o� Office of the <br />INDIAN RIVER COUNTY <br />ADMINISTRATOR <br />John A. Titkanich, Jr., County Administrator <br />Michael C. Zito, Deputy County Administrator <br />MEMORANDUM <br />TO: Members of the Board of County Commissioners <br />THROUGH: John A. Titkanich, County Administrator <br />FROM: Michael C. Zito <br />Deputy County Administrator <br />DATE: March 27, 2024 <br />SUBJECT: Request for Approval of Third Amendment to the Amended and Restated <br />Facility Lease Agreement with Major Leage Baseball dba Verotown, LLC. <br />at the Jackie Robinson Training Complex fka "Dodgertown" <br />On January 2, 2019, the County entered into the Amended and Restated Facility Lease Agreement <br />with Major League Baseball (MLB) doing business as Verotown, LLC (Verotown) to operate the <br />Jackie Robinson Training Complex at the facility previously known as Historic Dodgertown. The <br />Agreement was subsequently amended by the First Amendment executed on February 16, 2021, <br />and that certain Second Amendment executed on July 12, 2022. (Collectively "The Agreement"). <br />The initial term of the Agreement is ten years and eight months with three successive renewal options <br />of five years each. The Agreement represents a partnership where the County and MLB share in the <br />cost of facility improvements. In broad summary, under the original Agreement the County was <br />responsible for initial repairs on items consisting mostly of roof replacements and concession stand <br />replacements/repairs where maintenance had been deferred during the economic downturn. <br />Verotown agreed to be responsible for making some initial facility improvements such as the design <br />and construction of an indoor training facility now known as the 42 Building. Additionally, <br />Verotown has completed facility repairs such as replacing the entire Holman Stadium seating bowl. <br />Under the Agreement, the County reimburses Verotown for 50% of these costs within the limits of <br />the Capital Reserve Account as set forth in the lease agreement. Other than the County -funded initial <br />improvements as amended, the County's annual contribution is its only obligation for facility <br />improvements and maintenance. Verotown will be responsible for all other capital improvements <br />and maintenance for the duration of the initial term and any renewal term. The Agreement essentially <br />transitions from the County funding the initial deferred maintenance items, to Verotown and the <br />101 <br />